IOC Evaluates Rs 20k-cr Coke Gasification Project At Paradip

Indian Oil Corp (IOC), the nation’s biggest oil company, is evaluating setting up a Rs 20,000-crore coke gasification project at its Paradip refinery in Odisha to convert the lowest-cost fossil fuel into gas that can be used to generate power or make petrochemicals.

IOC Chairman Sanjiv Singh said the company has been evaluating the project even before the Supreme Court banned the use of petroleum coke and furnace oil in areas around the Indian capital, which is battling alarming levels of air pollution that s risking human health.

“Let me make it clear that we haven’t come to a decision yet. We are evaluating a coke gasification project,” he told reporters here. Read More…